Industry News

Dredging operations has been carried out off Hong Kong Coliseum, Hung Hom, for approximately 10 months, a notice of Hong Kong Marine Department said.
The dredging works that started on 23 April are being carried out by one grab dredger and one hopper barge. One tug will provide assistance. The

Cargo traffic at Japan’s largest container port Tokyo plunged 7.3% year on year (y/y) in January to 6.579 million tonnes, according to preliminary figures released by the Tokyo metropolitan government.
Of the 6.579 million tonnes, 3.574 million tonnes came from foreign trade, down 10.1% y/y, and

China, the world’s largest soyabean importer, is projected to import 82.66 million tonnes of soyabean by 2024, up 15.8% from 2014, according to China Agriculture Outlook 2015-24, a report released on 22 April.
The country’s total soyabean consumption is expected to amount to 96.71 million tonnes in

By Reuters 2015-04-26 19:56:55 Petrobras’ decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil’s troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned…

By MarEx 2015-04-26 19:44:20 The grounded 603-foot Canadian bulk carrier Mississagi was successfully refloated on the St. Marys River in the U.S. following operations to offload approximately 2,000 tons of stone on Saturday. The vessel, carrying more than 17,000 tons of stone, was transiting downbound the St. Marys River from Bruce Mines, Ontario early Wednesday…

As the third anniversary of the entry into force of the Maritime Labour Convention 2006 (MLC) approaches, Seafarers’ Rights International (SRI) is embarking on a comprehensive study on the effectiveness of the Convention. The study has been commissioned by the International Transport Workers’ Federation. It will be an in-depth and... Read more →